Important strides have been made in recent years in our understanding of the process of wealth accumulation. This paper uses data on planned bequests and acutal inheritances received from the recently fielded Health and Retirement Survey (HRS) and Asset and Health Dynamics of the Oldest Old (AHEAD). Combined these two surveys span the mature and older ages in the life-cycle that are most relevant for bequest behavior.
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Paper provided by RAND - Labor and Population Program in its series Papers with number
97-04.
Find related papers by JEL classification: D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
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Karen E. Dynan & Jonathan Skinner & Stephen P. Zeldes, 2000.
"Do the Rich Save More?,"
NBER Working Papers
7906, National Bureau of Economic Research, Inc.
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Karen E. Dynan & Jonathan Skinner & Stephen P. Zeldes, 2004.
"Do the Rich Save More?,"
Journal of Political Economy,
University of Chicago Press, vol. 112(2), pages 397-444, April.
[Downloadable!] (restricted)